20221124 Premarket Prep Gold

#Fin­twit #XAUUSD #GOLD #Mar­ket­Pro­file #Order­flow

This is my pre­mar­ket prep for today’s Euro­pean ses­sion for GOLD. This prep builds off of my week­ly trade plan I made here:

Gold 2022 Week 47 Trad­ing Plan

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The pur­pose of a pre­mar­ket prep is to find setups with­in my week­ly trade plan bias

Larg­er Timeframe

• MN
  • Price trad­ing above body, out­side range, some reac­tion test­ing MN VWAP
• W1
  • Price made a LL and is now trad­ing with­in body
  • W1 QLo, reject­ed, price trad­ing mid swing

Nar­ra­tive

• D1
  • D1 Three Out­side Up giv­ing D1-C‑D 1741.147 Momen­tum (above VAH)
  • D1 QHi reject­ed, price get­ting near to test it again
• H4
  • H4 Phase 1 with break high­er reject­ing H4 QLo
  • H4 Bear­ish Inside Bar at H4 50MA
  • Pos­si­ble start of an Over­all Range after a UT
• Trend
  • Mixed Trend
• Mar­ket Profile 
  • Val­ue cre­at­ed below the pre­vi­ous, pos­si­bly estab­lish­ing new Over­all Range
• LN Open
  • 0.93xASR Above Val­ue, Out­side Range
  • Large Imbal­ance
  • Asia trad­ed extend­ing high­er but mean­der­ing back
  • 0.30xASR IBR

Addi­tion­al Notes

• N.A.

Hypos

• Hypo 1
  • Short
  • Sus­tained Auc­tion, pos­si­ble Failed Auction
• Hypo 2
  • Long
  • Late-Sus­tained Auc­tion, pos­si­ble Failed Auction
• Hypo 3
  • Long
  • Auc­tion Fade
• Hypo 4
  • Short
  • Auc­tion Fade

Clar­i­ty / Con­fi­dence (1 — 5, low to high)

• 2

Mind­ful Trad­ing (lack of sleep?)

• Feel­ing okay

Focus Points for trad­ing development

• Month­ly Goals 
  • Use SL scaling

• Twit­ter
• Insta­gram